Srei International Finance Limited, which would be renamed as Srei Infrastructure Finance Limited, expects its asset base growing to over $1 billion by 2006-07 on tremendous growth in the infrastructure sector of the country.
"Considering the rate at which we were growing over the past few years to see an asset base of $400 million right now, I think that it is well within the company's capacity to reach $1 billion mark in less than four years from now," M S Verma, Srei's newly appointed chairman, said.
Verma said the company had till now witnessed a compounded annual growth rate of 30 per cent during the past three years by focusing on financing of infrastructure projects in power, roads and ports and with more and more projects coming up they were confident of not only maintaining the growth rate, but also surpass it.
"So far Srei has been maintaining a low profile, but now we will be aggressive in highlighting our projects," Verma, a former Chairman of State Bank of India, TRAI and IDBI Bank said.
Vice Chairman and Managing Director Hemant Kanoria said despite a track record of regularly paying dividend since its inception in 1989, growing asset base and profits, the prices of the company's shares at stock market did not reflect the true valuation.
"I hope that with renewed excitement in infrastructure companies, Srei's share price would reflect true valuation," Kanoria said.
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